News
Talk of Expectrum shareholder action group rubbished by market insiders
Shareholders unlikely to receive payouts from Giles sale to Gallagher.
Keelan Westall launches claims charter
Property broker Keelan Westall has launched a claims charter to demonstrate its commitment to service in property underwriting.
IFB and Ifed bosses refuse to fuel industry calls for merger
A merger of the Insurance Fraud Bureau and the Insurance Fraud Enforcement Department would create greater efficiency and allow the IFB to widen its scope.
Surveillance firms lose insurer business as ICO investigates use of private eyes
Firms found complicit in illegal data gathering will face criminal prosecution.
Axa places €350m of cat bonds for European windstorm risk
Axa Global has placed €350m (£295) of catastrophe bonds to institutional investors through Calypso Capital II providing the insurer with protection against European windstorm risk.
Brokers warn insurers not to rush into private security firm cover
Concerns raised over claims frequency of problem doormen supervisor sector.
Risk managers and loss adjusters urge business interruption shake-up
Insurers told to do more to protect increasingly global supply chain.
ABI backs young driver curfews despite resistance from members
Telematics provider labels plans a ‘draconian, backwards step.
Fraud firm sees increase in credit repair rates referrals
Fraud management company TCF has reported a 300% increase in referrals to its credit repair rates validation service from quarter one to quarter two of this year.
14 killed in Japan as typhoon forces Tokyo closures
Typhoon Wipha, the strongest in ten years, landed in Japan on Wednesday (16 October) morning on Izu Oshima, 120km south of Tokyo.
Comprehensive premiums plummet as motor insurers make Laspo 'gamble'
The average price of a comprehensive motor policy has fallen by 13.9% over the course of the year, according to the latest Confused Car Insurance Pricing Index in association with Towers Watson.
Claims Awards Asia: The Shortlist
Insurance Insight is delighted to announce the shortlist for the inaugural Claims Awards Asia.
JLT buys broker in Taiwan
Jardine Lloyd Thompson has bought ForVision Risk Services in Taiwan, a broker providing insurance, reinsurance, and risk management services for companies with local and international operations.
Artemis records $6.24bn of cat bonds in 2013
Artemis has recorded $6.24bn (£3.91bn) of new catastrophe bond issuance and insurance-linked securities issuance so far in 2013.
FP Group’s executive director steps down
Charles Whiteaway, the executive director of FP Group, has stepped down after nearly 20 years with the company.
AIG raises contaminated product limits to $35m
American International Group has launched a web-based service to help companies estimate the cost of recall incidents, and expanded its available accidental contamination coverage limits to $35m.
Generali unveils EMEA and Latin America units
Generali is to simplify its global structure by creating two new business regions, Europe, Middle East and Africa, and Latin America.
Law firm slams FCA naming policy
A lawyer from international firm CMS has slammed the Financial Conduct Authority’s decision to name firms under investigation saying the move is “calculated to gain publicity”.
Rules targeting non-UK tax residency to impact minority of Lloyd's members
New Lloyd’s rules on tax residency are likely to affect less than 10% of members, according to sources.
EU insurers benefitting from economic stability increasing focus on risk
European insurers are benefitting from a more stable economic environment, although they continue to adjust product offerings and adapt reinsurance purchasing in response to the low-yield environment as they increase their focus on risk management,…
FCA to name firms under investigation in warning notices
The Financial Conduct Authority today confirmed it will name firms and, in some circumstances, individuals under investigation.
Sign up to the free-to-attend Commercial Underwriters Forum today
Taking place on Thursday 24 October 2013, the Commercial Underwriters Forum is free- to-attend* for all those working at insurers, managing general agencies and brokers.
Up to 600 jobs at risk following L&G restructure
Legal and General has warned that it may cut up to 600 jobs following the merging of its savings and annuities and protection divisions.
Zurich appoints life CEO in Hong Kong
Zurich has appointed Paula Choi to the position of CEO of Zurich’s global life business in Hong Kong from 31 October.